I’ve been extremely active in the Egyptian / Arab Tech Entrepreneurship Ecosystem for the past 3 years.
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However as we are setting up our ecosystem there are several things that I observed that I didn’t like.
Namely the way some investors / accelerators are (in my opinion) taking advantage of the aspiring entrepreneurs, the lack of quality coaching / mentoring they are actually getting as well as some ecosystem stakeholders who are propagating the illusion that business plans & funding are the most important factor in the success of any business.
Hence after a quick discussion with Tarek Shalaby (probably over shisha) we decided to set up the “JuiceLabs”
We then went about hiring the best team money can buy and put our plan / vision into action
The general premise of the labs is that we leverage the talent we already have available to us @ The Planet in terms of business acumen, designers, developers, videographers and general insanity and tailor a program that meets the needs of each start-up.
We then put each team through a fun and intensive 6 month program after which the hope is that they are on the right path towards becoming a sustainable business as appose to a bunch of people with print-outs of a business plan looking for anyone that is willing to invest in, what is essentially a bunch of basterma.
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Before signing off I’d like to thank our team that put a lot of work into seeing this dream become a reality, particularly Know-How who spent a lot of time and effort trying to get a bunch of crazy people with ideas organized 🙂
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